Ukrainian processors are forced to overpay for soybeans compared to exporters
Soybean
Ukraine
Published Oct 29, 2021
Original content
Soybean processors are not much better off than other oilseeds. While expecting a soybean harvest by 1 million tons more than last year, farmers are holding back sales. This opinion was expressed by the commercial director of the Pologovskiy Macroextraction Plant (MEP) Alexander Lozychenko, writes Latifundist.com. Due to limited supplies, processors are forced to pay a premium of $ 60-70 against the price taking into account the logistics to the port terminals. “And all this against the background of a decrease in the production of cattle and chicken. Also, the country has already recorded the facts of import and even smuggling of chicken and pork from the EU. And expensive soy protein will further worsen the situation in the domestic meat-producing industry, ”commented Alexander Lozychenko. Latifundist.com interviewed other representatives of the soybean processing plant. They also confirmed that the farmers are keeping the oilseed. At the same time, two of them noted that the ...
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